MarketFriction

Suzlon Energy Ltd

NSE SUZLON · BSE 532667 · Heavy Electrical Equipment
₹38.91 -1.47%
NSE close2026-10-01
52 week range38.19 - 61.50
Market cap₹53,862 Cr.
P/E17.1
Nifty 200Nifty 500Nifty Midcap 50Nifty Midcap 100Midcap 150Nifty Midcap SelectNifty EnergyNifty Infrastructure No price band Delivery 38.6%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,4211,5602,1962,0222,1032,9753,7903,1323,8714,2365,4933,829
Expenses1,1961,3131,8391,6521,8092,4753,0962,5333,1503,4984,5293,234
Operating Profit225248357370294500693599721738964595
OPM %16%16%16%18%14%17%18%19%19%17%18%16%
Other Income-289-16231828353327239733
Interest44144445567085103110114135134
Depreciation5139444654669370758093106
Profit before tax102203253302202391551459562567833389
Tax %0%0%-0%0%0%1%-114%29%-127%21%-34%22%
Net Profit1022032543022013881,1813241,2794451,114305
EPS in Rs0.080.150.190.220.150.290.870.240.940.330.820.22
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales9,48312,7148,1165,0252,9733,3466,5825,9716,52910,89016,73217,429
Expenses9,76710,2357,1405,0483,8292,8095,6825,1375,4929,02613,70714,411
Operating Profit-2832,479977-23-8565379008331,0371,8633,0253,019
OPM %-3.0%20%12%-0.5%-29%16%14%14%16%17%18%17%
Other Income2,56310955592-42823952,739-2497178180
Interest1,3041,2881,5811,2701,367996735421164255462493
Depreciation392389342342419258260260190259318354
Profit before tax584912-391-1,543-2,68410502,8926591,4472,4222,352
Tax %-4%1%-0%-1%0%4%41,648%0%-0%-43%-31%
Net Profit583852-384-1,537-2,692104-1772,8876602,0723,1633,144
EPS in Rs0.941.38-0.57-2.32-4.010.10-0.172.280.491.532.332.31
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth6%38%41%45%
Compounded Profit Growth23%45%163%50%
Stock Price CAGR11%46%15%-28%
Return on Equity%%38%40%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital7421,0041,0051,0641,0641,0641,7021,8432,4542,7222,7322,745
Reserves-8,064-8,537-7,846-8,031-9,562-12,047-5,045-5,369-1,3551,1993,3746,719
Borrowings17,81111,41411,11411,99611,55213,2106,9256,4651,938150323556
Other Liabilities11,2435,8427,8876,0925,8164,3033,0193,5352,4863,1086,5318,850
Total Liabilities21,7319,72312,16011,1218,8716,5306,6016,4755,5237,17912,96018,869
Fixed Assets5,8431,5731,6651,4631,5201,3581,1661,0598668861,7802,296
CWIP35623320635322912210720620105190
Investments2663936706720202300843217
Other Assets15,2667,5249,6199,2377,1025,0305,3055,3964,6516,26411,03216,166
Total Assets21,7319,72312,16011,1218,8716,5306,6016,4755,5237,17912,96018,869
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity1,119-7391,602-1091,267-9295301,302491801,0921,202
Cash from Investing Activity-8254,482-643-138125-32-24-1985-152-749-914
Cash from Financing Activity-199-5,656-1,249492-1,898969-327-1,045-709132343-155
Net Cash Flow95-1,914-290245-5068180238-13360686133
Free Cash Flow429-1,1261,211-7641,020-1,0294821,226477-147724626
CFO/OP-23%270%67%-17%-5,358%108%96%144%61%10%59%42%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days50971041341371681307672102130137
Inventory Days90164168216355400503186176210171152
Days Payable12219323318026525336615586165156172
Cash Conversion Cycle186839170227315266107162148145117
Working Capital Days-96-56-155-100-328-1,4658416661037384
ROCE %-48%11%53%15%-8%-48%10%21%20%25%33%34%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters13.28%13.28%13.28%13.26%13.25%13.25%13.25%11.75%11.73%11.73%11.73%11.70%
FIIs10.88%17.83%19.57%21.53%23.72%22.87%23.04%23.02%22.70%23.73%23.85%24.15%
DIIs9.81%6.16%6.30%9.16%9.02%9.31%8.73%10.17%10.14%9.23%9.18%11.12%
Government0.02%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public65.99%62.74%60.85%56.03%54.02%54.56%54.98%55.07%55.40%55.29%55.23%53.02%
No. of Shareholders28,68,15235,12,04043,55,16941,96,13349,94,34554,68,87156,74,61956,04,61056,36,24056,35,38956,95,35455,36,345

Fundamentals

Market Cap₹ 53,862 Cr.
Current Price₹ 39.5
Stock P/E17.1
Book Value₹ 6.96
ROCE34.2 %
ROE39.7 %
Dividend Yield0.00 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)45%
Compounded Profit Growth (TTM)50%
Consolidated figures.
Valuation
Market capRs 53,396 Cr
Enterprise valueRs 52,706 Cr
P/E (TTM)16.98x
Price to book5.64x
Price to sales3.06x
EV / EBITDA16.48x
EV / EBIT18.53x
EV / sales3.02x
Price to cash flow44.42x
Earnings yield5.89%
P/E, 3-year average45.95x
P/B, 3-year average10.82x
P/E, 5-year average35.35x
P/B, 5-year average7.90x
Profitability
Operating margin (excl. other income)18.08%
Operating margin (incl. other income)19.14%
EBITDA margin18.35%
Pre-tax margin13.49%
Net profit margin18.04%
Net margin, latest quarter7.97%
ROE40.64%
ROCE35.07%
ROA19.88%
ROE, 3-year average36.09%
ROCE, 3-year average30.22%
ROA, 3-year average16.95%
ROE, 5-year average-24.15%
ROCE, 5-year average44.81%
ROA, 5-year average19.06%
ROIC (approx.)42.35%
Tax rate-30.63%
Other income / net worth1.88%
Growth
Sales growth (latest year)53.65%
Profit growth (latest year)52.70%
Sales CAGR, 3 years40.99%
Sales CAGR, 5 years37.98%
Profit CAGR, 3 years3.55%
Profit CAGR, 5 years97.91%
Sales growth QoQ-30.29%
Profit growth QoQ-72.61%
Sales growth YoY (latest quarter)22.27%
Profit growth YoY (latest quarter)-5.89%
Per share
EPS (TTM)Rs 2.29
EPS (latest year)Rs 2.31
EPS (latest quarter)Rs 0.22
EPS, 3-year averageRs 1.44
EPS, 5-year averageRs 1.26
Book value per shareRs 6.90
Sales per shareRs 12.70
Cash flow per shareRs 0.88
Free cash flow per shareRs 0.46
Efficiency
Asset turnover0.89x
Fixed asset turnover7.29x
Inventory turnover2.54x
Inventory days144 days
Debtor days137 days
Debtors turnover2.67x
Creditor days172 days
Cash conversion cycle117 days
Working capital days84 days
Leverage
Total debtRs 556 Cr
Cash and bankRs 1,246 Cr
Net debtRs -690 Cr
Debt to equity0.06x
Net debt / EBITDA-0.22x
Interest coverage5.77x
Current ratio (filing 2026-03-31)1.65x
Quick ratio (filing 2026-03-31)1.10x
Trade payables (filing 2026-03-31)Rs 5,083 Cr
Owners' fund to total sources50.15%
Debt to assets2.95%
Cash flow
Cash from Operating Activity (latest year)Rs 1,202 Cr
Cash from Investing Activity (latest year)Rs -914 Cr
Cash from Financing Activity (latest year)Rs -155 Cr
Net Cash Flow (latest year)Rs 133 Cr
Free cash flow (latest year)Rs 626 Cr
FCFE (approx.: FCF + change in debt)Rs 859 Cr
Cash from ops / profit, 5 years0.48x
Sales to cash flow13.92x
Statement figures
Net sales (TTM)Rs 17,429 Cr
Net sales (latest year)Rs 16,732 Cr
Sales (latest quarter)Rs 3,829 Cr
Operating profit excl. other income (latest year)Rs 3,025 Cr
Operating profit (latest quarter)Rs 595 Cr
Other income (TTM)Rs 180 Cr
EBITDA (TTM)Rs 3,198 Cr
PBDT (TTM)Rs 2,706 Cr
Profit before tax (TTM)Rs 2,352 Cr
Tax (latest year)Rs -742 Cr
Net profit (TTM)Rs 3,144 Cr
Net profit (latest year)Rs 3,163 Cr
Net profit (latest quarter)Rs 305 Cr
Depreciation (TTM)Rs 354 Cr
Depreciation (latest quarter)Rs 106 Cr
Interest (TTM)Rs 493 Cr
Cost of goods sold (latest year)Rs 11,458 Cr
Total expenditure (latest year)Rs 13,707 Cr
Total income (latest year)Rs 16,909 Cr
Share capitalRs 2,745 Cr
ReservesRs 6,719 Cr
Shareholders' fundsRs 9,464 Cr
Total assetsRs 18,869 Cr
Net blockRs 2,296 Cr
Capital work in progressRs 190 Cr
InvestmentsRs 217 Cr
ReceivablesRs 6,269 Cr
InventoryRs 4,512 Cr
Other liabilitiesRs 8,850 Cr
Shares outstanding (crore)1,372.29
Ownership
Promoter holding11.70% (-0.05 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 17.0 is at the 11th percentile of its own 5.4-year range (median 26.1, low 7.4, high 166.3).
P/B 5.64 is the lowest in 3.4 years (median 19.74).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodSUZLONNifty 50Difference
1 week-4.5%-2.8% -1.7 pts
1 month-16.3%-6.8% -9.5 pts
3 months-31.6%-7.6% -24.0 pts
6 months-1.6%+0.4% -2.0 pts
1 year-31.3%-9.9% -21.4 pts
2 years-53.1%-13.6% -39.5 pts
3 years+50.8%+14.2% +36.6 pts
5 years+498.6%+27.9% +470.7 pts
143 mutual fund schemes hold about ₹4,849 Cr. Over three months 107 bought more and 26 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Motilal Oswal Midcap Fund2.16%926 +28%
Motilal Oswal Large & Midcap Fund3.31%667 +16%
Motilal Oswal Large & Midcap Fund3.31%611 +16%
Motilal Oswal Flexi Cap Fund2.04%289 +11%
Sundaram Mid Cap Fund1.85%274 +11%
Sundaram Mid Cap Fund1.85%268 +11%
UTI Mid Cap Fund1.89%242 +20%
Franklin India Mid Cap Fund1.18%154 +13%
Canara Rob Large and Mid Cap Fund0.47%124 -14%
Motilal Oswal ELSS Tax Saver Fund2.35%121 -13%
HDFC Large & Mid Cap Fund0.33%101 +14%
SBI Arbitrage Fund0.15%70 +196%
Kotak Arbitrage Fund(M0.09%69 -59%
UTI Large & Mid Cap Fund1.02%67 +13%
UTI Small Cap Fund1.08%57 +25%
Franklin Build India Fund1.81%57 +22%
Motilal Oswal Nifty Midcap 150 Index Fund1.35%56 +13%
UTI Multi Asset Allocation Fund0.62%44 +12%
UTI Infrastructure Fund2.01%43 +34%
Nippon India Nifty Midcap 150 Index Fund1.36%39 +12%
Aditya Birla SL Arbitrage Fund0.14%38 -5%
Tata Arbitrage Fund0.15%37 +188%
Bandhan Multi-Factor Fund4.07%26 +100%
Franklin India Balanced Advantage Fund0.87%24 +64%
Franklin India Aggressive Hybrid Fund1.03%24 +62%

Red flags

F-score 6 of 8
explainWeak cash conversion Cash from operations was 40% of net profit over the last 3 years
explainHigh accruals Profit exceeded operating cash by 10% of total assets in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2023-08-31Pallavi BagrechaImmediate relativesell500,000Rs 1.24 CrMarket Sale
2023-08-22Karishma BagrechaImmediate relativesell300,000Rs 0.61 CrMarket Sale
2023-08-22Pallavi BagrechaImmediate relativesell200,000Rs 0.41 CrMarket Sale
2023-08-01Karishma BagrechaImmediate relativesell349,540Rs 0.67 CrMarket Sale
2023-08-01Pallavi BagrechaImmediate relativesell300,000Rs 0.58 CrMarket Sale
2022-09-05Karishma BagrechaImmediate relativesell42,906Rs 0.05 CrMarket Sale
2022-09-02Karishma BagrechaImmediate relativesell7,554Rs 0.01 CrMarket Sale
2022-08-19Pallavi BagrechaImmediate relativeother500,000Rs 0.39 CrPledge Creation
2022-08-18Karishma BagrechaImmediate relativeother500,000Rs 0.39 CrPledge Creation
2022-08-17Pallavi BagrechaImmediate relativesell425,000Rs 0.32 CrMarket Sale
2022-08-17Pallavi BagrechaImmediate relativesell75,000Rs 0.06 CrMarket Sale
2022-08-17Siddharth BagrechaImmediate relativesell1,000,000Rs 0.76 CrMarket Sale
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹3,829 Cr +22.3% vs Jun 2025. Net profit ₹305 Cr -5.9%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-09-03Annual General Meeting
2023-09-20Annual General Meeting
2022-10-03Rights 5:21 @ Premium Rs 3/-
2022-09-21Annual General Meeting
2021-09-16 Annual General Meeting
2020-09-17 Annual General Meeting
2019-09-12 Annual General Meeting
2018-07-19 Annual General Meeting
2017-09-14 Annual General Meeting
2016-09-22 Annual General Meeting
2015-09-21 Annual General Meeting
2014-09-11Annual General Meeting
2013-09-05Annual General Meeting
2013-02-28Inferred from price: close fell to 0.660x overnight, no NSE action on record0.6667
2012-08-02Annual General Meeting
2011-09-15Annual General Meeting
2010-07-29Annual General Meeting
2010-06-09Rights 2:15 @ Premium Rs.61/-
2009-07-30Annual General Meeting Bc Dates Revised
2008-07-17Agm/Dividend-Re.1 Per Sh.
2008-01-21Fv Split Rs.10/- To Rs.2/0.2000
2007-07-12Agm
2007-03-16Int Div-Rs.5/- Per Sh Purpose Revised
2006-07-06Agm/Div-Rs.2.50/- Per Sh
DateTypeWhat it says
2026-09-18ESOPAllotment of 640726 Shares.
2026-09-15Concall / analyst meetSchedule of meet
2026-09-11Shareholder meetingProceedings of Annual General Meeting held on September 11, 2026. Further, the company has submitted the Exchange a copy of Srutinizers report along w...
2026-09-08Order winBagging/Receiving of orders/contracts
2026-09-04AppointmentAppointment of Ms Manjari Upadhye as Other of the company w.e.f. September 04, 2026.
2026-08-25Order winBagging/Receiving of orders/contracts
2026-08-15Shareholder meetingNotice of Annual General Meeting to be held on September 11, 2026
2026-08-14Concall / analyst meetSchedule of meet
2026-08-14Concall / analyst meetSchedule of meet
2026-08-14Concall / analyst meetSchedule of meet
2026-08-14Concall / analyst meetSchedule of meet
2026-08-10ESOPAllotment of 1823720 Shares.
2026-08-04Concall / analyst meetTranscript
2026-08-03Concall / analyst meetSchedule of meet
2026-08-03Concall / analyst meetSchedule of meet
2026-08-03Concall / analyst meetSchedule of meet
2026-08-03Concall / analyst meetSchedule of meet
2026-08-03Concall / analyst meetSchedule of meet
2026-07-29Record DateRecord date for the purpose of Meeting is 04-Sep-2026.
2026-07-28Concall / analyst meetLink of Recording
2026-07-28Rumour Verification - RegulaRumour Verification - Regulation 30(11)
2026-07-28ResignationResignation of Mr Rajendra Mehta as Other of the company w.e.f. July 29, 2026.
2026-07-28Board meeting outcomeSuzlon Energy Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-23Concall / analyst meetSchedule of meet
2026-07-23Order winBagging/Receiving of orders/contracts
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Put / call open interest0.53
Max pain (expiry 2026-10-27)41
Largest call open interest at45
Largest put open interest at40
Implied volatility, at the money38.3%
Underlying at snapshot38.91
Open interest by strike around the price, nearest expiry. End-of-day NSE snapshot, 01-Oct-2026 15:40:00. Max pain is the strike where option buyers together would lose the most at expiry.
Trade dateShares sold short
2026-09-2936,940
2026-09-28600
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-06-01NCLTIndowind Energy Ltd. Vs Suzlon Energy Ltd.
2021-03-24NCLTIndowind Energy Ltd. Vs Suzlon Energy Ltd.
2021-02-02NCLTIndowind Energy Ltd. Vs Suzlon Energy Ltd.
2020-12-16NCLTIndowind Energy Ltd. Vs Suzlon Energy Ltd.
2020-12-07NCLTIndowind Energy Ltd. Vs Suzlon Energy Ltd.
2020-11-03NCLTIndowind Energy Ltd. Vs Suzlon Energy Ltd.
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Suzlon Energy Ltd?

Suzlon Energy Ltd (SUZLON) has a market capitalisation of Rs 53,862 Cr. at the 2026-10-01 close.

What is the P/E ratio of Suzlon Energy Ltd?

Suzlon Energy Ltd trades at a P/E of 17.1 on trailing twelve-month profit, at the 2026-10-01 close.

What were Suzlon Energy Ltd's latest quarterly results?

In the Jun 2026 quarter, Suzlon Energy Ltd sales was Rs 3,829 Cr (+22.3% vs Jun 2025) and net profit was Rs 305 Cr.

What is the 52-week high and low of Suzlon Energy Ltd?

The 52-week high is Rs 61.50 and the 52-week low is Rs 38.19.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03